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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (4162)	8/8/1998 3:18:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 4718

No. I would not buy any junior miner right now. they will get nothing out of the funds this fall so they will close their doors, most of them. The party is over for junior mining. It's back in the cocoon. Antares is in sleazeville with their properties. No hope of production permit at reasonable cost, no hope of even junior financing and not enough tons or metallurgy to mine anyway. With one million ounces I would not touch that type of ore, that country and that stock. There are companies with maybe 3 million ounces of truly heap leachable high grade re and low stripping ratios and golden production situations and their stock is in the crapper. (Gitennes). Antares is way out in left field somewhere. They spent more that in dollars than they can make in profit even if the "ore" they found were mineable. There is one company in the States with 11 million ounces of heap leachable profitable ore and no permitting problems. They cannot get a cent for production. Its a bit low grade.. but doable.. Antares might be better off building shelters for homeless geologists and investors. EC<:-}